The company has agreed to buy privately-held electronic payment firm CashEdge for $465 million.
Under the agreement IBM will provide hardware, software and IT services to the Commercial Bank of Ethiopia.
The company will roll out the Exergy insurance administration software from SilverBridge Software Solutions.
The company claims it is seeing up to $10 million a day in mobile payment volume.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The new laws would mean all businesses will be forced to come clean about data security problems, says the EC.
Companies designing for the developing world find the most critical consumers are those with the most to lose.
By opening their IT systems to the Internet, banks are increasingly at risk from security attacks, says Huawei Symantec.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
In today's technology roundup: Apple can keep secrets from Samsung, UK teen charged over Web attacks, anti-Israel app pulled from App Store, and Google bullish on m-payments.
The company unveils a solution which helps move routine financial services transactions from tellers to kiosks.
FNB's mobile banking services record high growth rates in African countries.
The future of banking in Africa
MTN and Huawei, in partnership with Brainstorm magazine, held an executive roundtable on 11 May for industry insiders from the financial sector to discuss emerging technologies and digitisation in the banking space. #mtn #huawei #fintech
This comes after Central Bank of Nigeria is trying to boost electronic payment and mobile banking
Telematics changes the way insurance companies work out risk profiles.
Parseq has won a contract with HML to create the mortgage industry's first online self-service platform, the company claims.